This was one of 4 cutters I bought. The picture is very deceptive so please read the description carefully. From the photos it looks like any other cutter where the bearing diameter and the cutter have the same dimensions. So if you're going to cut out most of the template with a 1/2" drill bit and finish the corners with this 5/16" drill bit, you'll need to use two templates. Not at all what I wanted. Very disappointed.
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